Police Bank constantly monitors interest rates for both lending and investment products. Obviously this becomes a major focus when the Reserve Bank (RBA) makes a change in official interest rates.
The main aim in the setting of interest rates is to ensure Police Bank Members continue to enjoy interest rates that are competitively priced.
In determining its response to an RBA decision, Police Bank will take the responsible position of ensuring interest rates remain competitive for both depositors and borrowers. Police Bank will also take the prudent position of ensuring its pricing of interest rates on deposits and loans generate a sufficient level of profit on behalf of its Members.
Police Bank is 100% Member owned and our Members own our profit. This profit adds to our Capital Reserves and enables Police Bank to remain strong and invest in the growth of Police Bank for the benefit of all Members.
Thank you for your ongoing support of Police Bank.